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E-commerce firm Meesho eyes to become profitable in 1-2 years: Exec

The target comes at a time when funding for start-ups is in the slow lane

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With an eye on profitability, Meesho downsized its grocery vertical, Meesho SuperStore, earlier in the year, resulting in 150 employees being laid off.

Ishita Ayan Dutt Kolkata
Internet e-commerce company Meesho has chalked out aggressive strategies to become profitable in the next 1-2 years, its Chief Experience Officer (growth) Megha Agarwal said on Tuesday.

The target comes at a time when funding for start-ups is in the slow lane. 

“It’s very important for any company to be profitable. It’s become even more important in an environment like this where we have been reading about funding etc… and it’s here to stay, that’s the truth that we are all facing,” said Agarwal.

She, however, pointed out that Meesho had been unit economics-positive for nearly two years. “Which means